With up to 75% of the value of vehicle components made in Europe, the continent’s automotive supply industry generates substantial economic value and supports hundreds of thousands of jobs, but it's under serious threat. Yet Europe’s automotive suppliers are issuing a stark warning based on a recent study of European value creation: without urgent and … [Read more...]
Car parts becoming unprofitable to produce
Europe's parts' makers are bracing for a turbulent year ahead, as the latest industry survey reveals 42% of suppliers think they won’t be profitable in 2025. New insights from CLEPA and McKinsey’s bi-annual survey, with input from 120 companies, shed light on the industry’s business climate, key trends, and pressing challenges: A deepening sense of … [Read more...]
Brands’ boycott looming after tariffs take hold
A majority of Brits say they will boycott brands from a country imposing tariffs on UK models. Almost six out of 10 people (59%) say they are less likely to buy a car from a country imposing tariffs on UK-made models. While the UK imports comparatively low numbers of US made models, there could be reaction to brands with US links, such as Tesla (shown … [Read more...]
Action plan call for saving automotive jobs
European politicians and car components makers are worried about developments in the automotive industry and agreed to establish an action plan to save jobs and businesses. This dialogue is a critical step in addressing key challenges for the sector's immediate future, CLEPA said in a statement. “Suppliers announced the loss of 54,000 jobs in 2024. More … [Read more...]
Luton shut-down raises more fears
Last week's announcement that the Luton van plant will close in April with the loss of about 1,200 assembly jobs and thousands more in the supply chain has starkly brought home the issues facing the automotive sector and the components supply industry is struggling to survive as well. Ford plans to cut 800 UK jobs among 4,000 going in Europe and Nissan has … [Read more...]
Newslines 22 October
Cardiff and Vale College has secured planning consent for a £65m new advanced technology centre at Cardiff Airport. The 130,000 sq ft project has been approved by Vale of Glamorgan Council as one of two new campuses in a £100m investment located alongside the college's existing International Centre for Aerospace Training and accommodate around 2,000 … [Read more...]
Tradelines 2 October
Eye snatching is the term being applied to the increasing number of LED headlight thefts worth thousands of pounds for each unit. Thieves are increasingly targeting expensive models to hack out and disconnect the multi-lenses to be sold on the parts' black market, said Philip Swift, Technical Director at Claims Management and Adjusting. Europe's component … [Read more...]
Parts suppliers struggling and issue warnings
The European automotive supply industry, a vital pillar of the EU economy, is confronted with volatility and uncertainty from both their customers and upstream suppliers. Despite facing substantial headwinds, industry players maintain a cautious optimism, navigating through challenges and strategising for transformation. High levels of uncertainty … [Read more...]
Bring back small cars, dealers tell makers
Britain's car dealers are calling on manufactuers to supply them with a new series of small cars. Dealers overwhelmingly back calls for a new class of small cars to be introduced across Europe that attract lower taxes, insurance and parking costs, new research shows. Paris this year moved towards making SUV drivers pay more to park in the French Capital as … [Read more...]
Bigger and heavier lorries needed to meet EV technology
The parts industry want to increase vehicle sizes and weights to compensate for heavy batteries required to move lorries and goods. The topic is under discussion with EU legislators and now CLEPA has come up with these proposals as the industry moves towards a 2050 deadline. The international transport, trade and manufacturing of vehicles and movement of … [Read more...]
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